Terra Luna Classic is the native token of the original Terra ecosystem. Terra Luna Classic was originally LUNA, which had an interdependent relationship with TerraUSD (UST), an algorithmic stablecoin. UST aimed to achieve stability through an elastic supply mechanism enabled by LUNA, which is minted or sold based on the demand preferences of the UST token. Due to a significant price reduction in the LUNA token, UST could not maintain its peg to the U.S. Dollar, resulting in a collapse in both tokens' prices. Following the collapse, the ecosystem decided to launch a new token under the name Terra Luna and rebrand the original token to Terra Luna Classic.